ACI Worldwide, Inc. (NASDAQ:ACIW) Holdings Reduced by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC lessened its stake in ACI Worldwide, Inc. (NASDAQ:ACIW) by 8.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,288,270 shares of the technology company’s stock after selling 117,119 shares during the quarter. ACI Worldwide accounts for about 3.1% of Rice Hall James & Associates LLC’s portfolio, making the stock its 3rd largest holding. Rice Hall James & Associates LLC’s holdings in ACI Worldwide were worth $51,003,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ACIW. GAMMA Investing LLC raised its holdings in shares of ACI Worldwide by 49.3% during the second quarter. GAMMA Investing LLC now owns 1,306 shares of the technology company’s stock valued at $52,000 after acquiring an additional 431 shares during the last quarter. EntryPoint Capital LLC increased its holdings in shares of ACI Worldwide by 7.3% in the first quarter. EntryPoint Capital LLC now owns 7,043 shares of the technology company’s stock valued at $234,000 after purchasing an additional 478 shares during the last quarter. Swiss National Bank lifted its position in ACI Worldwide by 0.3% during the first quarter. Swiss National Bank now owns 214,600 shares of the technology company’s stock worth $7,127,000 after buying an additional 600 shares in the last quarter. Fifth Third Bancorp boosted its stake in ACI Worldwide by 123.3% during the second quarter. Fifth Third Bancorp now owns 1,130 shares of the technology company’s stock worth $45,000 after buying an additional 624 shares during the last quarter. Finally, NBC Securities Inc. grew its holdings in ACI Worldwide by 2.9% in the 1st quarter. NBC Securities Inc. now owns 24,601 shares of the technology company’s stock valued at $816,000 after buying an additional 689 shares in the last quarter. 94.74% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on ACIW. StockNews.com cut shares of ACI Worldwide from a “buy” rating to a “hold” rating in a research report on Saturday, August 3rd. Needham & Company LLC reaffirmed a “hold” rating on shares of ACI Worldwide in a research report on Friday, August 2nd. DA Davidson increased their price objective on ACI Worldwide from $48.00 to $52.00 and gave the stock a “buy” rating in a research report on Monday, August 5th. Finally, Canaccord Genuity Group upped their price target on ACI Worldwide from $40.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, ACI Worldwide presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.50.

ACI Worldwide Trading Down 1.3 %

Shares of NASDAQ ACIW opened at $47.06 on Wednesday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $4.93 billion, a PE ratio of 35.12 and a beta of 1.19. ACI Worldwide, Inc. has a twelve month low of $19.56 and a twelve month high of $50.52. The stock has a fifty day simple moving average of $44.93 and a 200-day simple moving average of $37.95.

ACI Worldwide (NASDAQ:ACIW) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.24. The company had revenue of $373.48 million for the quarter, compared to analyst estimates of $349.95 million. ACI Worldwide had a net margin of 12.01% and a return on equity of 19.18%. On average, equities analysts forecast that ACI Worldwide, Inc. will post 1.95 earnings per share for the current year.

About ACI Worldwide

ACI Worldwide, Inc, a software company, develops, markets, installs, and supports a range of software products and solutions for facilitating digital payments in the United States and internationally. The company operates in three segments: Banks, Merchants, and Billers. The company offers ACI Acquiring, a solution to process credit, debit, and prepaid card transactions, deliver digital innovation, and fraud prevention; ACI Issuing, a digital payment issuing solution for new payment offering; and ACI Enterprise Payments Platform that provides payment processing and orchestration capabilities for digital payments.